Anchor Investment Management LLC Acquires 151 Shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Anchor Investment Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 26.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 713 shares of the company’s stock after purchasing an additional 151 shares during the period. Anchor Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $47,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truist Financial Corp bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at $230,000. Stifel Financial Corp lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 20.2% in the 3rd quarter. Stifel Financial Corp now owns 22,734 shares of the company’s stock worth $1,562,000 after purchasing an additional 3,823 shares during the period. Principal Securities Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 257.2% during the 4th quarter. Principal Securities Inc. now owns 993 shares of the company’s stock valued at $65,000 after purchasing an additional 715 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 42.0% during the fourth quarter. Farther Finance Advisors LLC now owns 852 shares of the company’s stock valued at $56,000 after buying an additional 252 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Invesco S&P 500 Equal Weight Utilities ETF by 126.2% in the fourth quarter. Jones Financial Companies Lllp now owns 3,594 shares of the company’s stock worth $236,000 after buying an additional 2,005 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Invesco S&P 500 Equal Weight Utilities ETF stock opened at $67.96 on Thursday. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $54.22 and a fifty-two week high of $71.77. The stock’s 50 day simple moving average is $68.34 and its two-hundred day simple moving average is $67.89. The stock has a market cap of $402.32 million, a price-to-earnings ratio of 18.55 and a beta of 0.58.

Invesco S&P 500 Equal Weight Utilities ETF Profile

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.